SunSirs: The Market Situation of SBR has slightly Increased

Recently (4.1-4.12), the SBR market has seen a slight increase. According to the Commodity Market Analysis System of SunSirs, as of April 12th, the price of SBR in the East China market was 13,533 RMB/ton, an increase of 0.81% from 13,425 RMB/ton in early April. The high prices of raw materials are strong, supported by the cost of SBR. High level operation of downstream construction provides rigid support for SBR; As of April 12th, the mainstream market price of SBR in Fushun, Jihua, and Yangzi in East China is around 13,450-13,700 RMB/ton.

Recently (4.1-4.12), the prices of raw materials such as butadiene and styrene have remained strong at high levels, and there is still support for the cost of SBR. According to the Commodity Market Analysis System of SunSirs, as of April 12th, the price of butadiene was 11,700 RMB/ton, an increase of 1.52% from 11,525 RMB/ton on the 1st; As of April 12th, the price of styrene was 9,540 RMB/ton, an increase of 2.43% from 9,314 RMB/ton on the 1st.

Recently (4.1-4.12), there has been a slight fluctuation in the overall operation of domestic SBR plants, with SBR production around 6.70% as of April 12th.

Supply and demand side: Recently (4.1-4.12), downstream tire production has remained stable, maintaining rigid demand support for SBR. It is understood that as of early April, the operating load of semi steel tires in domestic tire enterprises was around 80%; The operating load of all steel tires in tire enterprises in Shandong region is close to 68%; But there is resistance from downstream towards high priced Shunding and a small amount of stocking.

From a fundamental perspective, analysts from SunSirs believe that the prices of raw materials such as butadiene and styrene continue to rise, and the cost support for SBR is strong; In addition, the production of SBR remains low, and the inventory of enterprises is in the middle position. Although downstream tire companies are still operating at a relatively high level, their purchasing power is less than expected due to resistance to high priced sources of SBR, which has put pressure on the SBR market. Overall, the current SBR market may consolidate in the later stage.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.